NAIROBI, KENYA, AUGUST 9 ― Trading at the Nairobi Securities Exchange slumped on Thursday as the market lost momentum occasioned by reduced investor activities at the bourse.
Turnover declined by 39.6 per cent to Ksh288 million from Wednesday’s sessions where it closed at Ksh477 million.
The day also saw the number of shares traded drop by about 49.4 per cent to close at 8.6 million against 17 million shares posted the previous day.
The market however registered positive gains as the NSE 20 Share Index went up 1.38 points to stand at 3322.44.
All Share Index (NASI) edged up 0.37 points to stand 173.95 while the NSE 25 Share Index added 15.19 points to stand at 4527.35.
The banking sector accounted for the largest share of the day’s trading with 56.39 per cent of the day’s traded value, with traded shares worth Ksh162 million.
KCB Group had 1.4 million shares valued at Ksh71.3 million transacted at between Ksh49.50 and Ksh50.50. Equity Group Holdings moved 1.2 million shares worth Ksh65.3 million and closed at Ksh51.00.
The manufacturing and allied sector was the day’s second busiest with shares worth Ksh20.4 million transacted, accounting for 7.08 per cent of the day’s traded value. East Africa Breweries closed 0.44 per cent lower to Ksh221.00 with shares worth Ksh20 million realized.
The energy and petroleum sector had shares worth Ksh5.9 million transacted and represented 2.07 per cent of the day’s traded value. Kenya power moved 416,000 shares valued at Ksh2.5 million at between Ksh5.80 and Ksh6.65. KenGen unchanged at Ksh6.60 had 300,000 shares transacted valued at Ksh1.9 million.
The insurance sector had shares worth 4.7 million transacted and represented 1.66 per cent of the day’s value. Jubilee up one shilling to Ksh504 moved 5,000 shares valued at Ksh2.7 million. Kenya Re moved 56,000 shares valued at Ksh926,000 and closed at Ksh16.20.
Safaricom moved 3 million shares closing the day as the single biggest mover. The only telco trading at the NSE had shares valued at Ksh87.6 million trading at between Ksh28.25 and Ksh29.25.
The construction and allied sector had shares worth Ksh3.1 million traded and accounted for 1.10 per cent of the day’s traded value. Athi River Mining moved 276,000 shares valued at Ksh1.2 million at between Ksh4.50 and Ksh4.70. Bamburi unchanged at Ksh180.00 had 10,000 shares valued at Ksh1.8 million.
The Bond market had bonds worth Ksh1.3 billion transacted.